JPMorgan Chase & Co. Sells 7,408 Shares of Gencor Industries, Inc. (NASDAQ:GENC)

JPMorgan Chase & Co. reduced its position in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 27.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,711 shares of the company’s stock after selling 7,408 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Gencor Industries worth $411,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GENC. SageView Advisory Group LLC acquired a new position in shares of Gencor Industries during the 3rd quarter worth about $392,000. Squarepoint Ops LLC acquired a new position in Gencor Industries during the second quarter worth approximately $377,000. Barclays PLC raised its stake in Gencor Industries by 82.7% in the third quarter. Barclays PLC now owns 21,957 shares of the company’s stock valued at $459,000 after buying an additional 9,938 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Gencor Industries in the third quarter valued at approximately $626,000. Finally, Pullen Investment Management LLC boosted its stake in shares of Gencor Industries by 2.5% during the 3rd quarter. Pullen Investment Management LLC now owns 59,603 shares of the company’s stock worth $1,243,000 after acquiring an additional 1,474 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Gencor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Gencor Industries Stock Performance

NASDAQ GENC opened at $16.16 on Thursday. Gencor Industries, Inc. has a 52-week low of $14.86 and a 52-week high of $24.88. The stock has a market cap of $236.91 million, a PE ratio of 14.69 and a beta of 0.49. The firm has a 50-day moving average of $18.86 and a 200-day moving average of $19.94.

Gencor Industries Company Profile

Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.